California Public Employees Retirement System Sells 40,308 Shares of SPX Flow Inc (FLOW)

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California Public Employees Retirement System lessened its stake in shares of SPX Flow Inc (NYSE:FLOW) by 24.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 124,720 shares of the industrial products company’s stock after selling 40,308 shares during the period. California Public Employees Retirement System owned approximately 0.29% of SPX Flow worth $6,135,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in SPX Flow by 2.8% during the 1st quarter. Comerica Bank now owns 44,652 shares of the industrial products company’s stock valued at $2,251,000 after buying an additional 1,232 shares during the period. Flinton Capital Management LLC raised its holdings in SPX Flow by 28.7% during the 4th quarter. Flinton Capital Management LLC now owns 5,950 shares of the industrial products company’s stock valued at $283,000 after buying an additional 1,326 shares during the period. Bank of New York Mellon Corp raised its holdings in SPX Flow by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock valued at $22,408,000 after buying an additional 1,890 shares during the period. Rhumbline Advisers raised its holdings in SPX Flow by 2.1% during the 1st quarter. Rhumbline Advisers now owns 100,779 shares of the industrial products company’s stock valued at $4,957,000 after buying an additional 2,052 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in SPX Flow by 0.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,996 shares of the industrial products company’s stock valued at $19,234,000 after buying an additional 2,345 shares during the period. Institutional investors own 87.11% of the company’s stock.

Several analysts recently weighed in on the company. ValuEngine lowered SPX Flow from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Vertical Research lowered SPX Flow from a “buy” rating to a “hold” rating in a report on Monday, April 16th. Stifel Nicolaus upped their price objective on SPX Flow from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, April 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $61.00 price objective on shares of SPX Flow in a research report on Wednesday, April 4th. Finally, Zacks Investment Research downgraded SPX Flow from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.67.

Shares of SPX Flow stock opened at $44.64 on Friday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 35.15 and a beta of 1.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.53. SPX Flow Inc has a 52 week low of $31.10 and a 52 week high of $54.92.

SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company had revenue of $490.30 million for the quarter, compared to the consensus estimate of $479.60 million. SPX Flow had a return on equity of 7.71% and a net margin of 3.45%. SPX Flow’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. equities analysts expect that SPX Flow Inc will post 2.49 EPS for the current fiscal year.

About SPX Flow

SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.

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Institutional Ownership by Quarter for SPX Flow (NYSE:FLOW)

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